Cost of Living in Morgan County, MO
Population 21,717 · Census ACS 2020–2024 5-year estimates
The median rent in Morgan County, MO is $721/month, 30% lower than the Missouri median and 49% lower than the U.S. median. The median home value is $194,400, 42% lower than the national median. Households earn a median of $53,412 a year, 24% lower than the state median.
Affordability
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Morgan County vs. Missouri vs. U.S.
| Morgan County | Missouri | U.S. | |
|---|---|---|---|
| Median rent | $721 | $1,033 | $1,413 |
| Median home value | $194,400 | $230,300 | $332,700 |
| Median household income | $53,412 | $70,702 | $80,734 |
| Homeownership rate | 79.7% | 68.1% | 65.2% |
| Bachelor's degree or higher | 16.6% | 32.4% | 35.7% |
| Poverty rate | 18.3% | 12.6% | 12.5% |
| Unemployment rate | 2.9% | 4.0% | 5.2% |
| Work from home | 11.6% | 13.0% | 15.1% |
| Median age | 45.4 | 39.0 | 38.9 |
FAQ
What is the average rent in Morgan County, MO?
The median gross rent in Morgan County, MO is $721 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Morgan County, MO?
Using the common 30% rule, renting a median-priced home takes about $28,840 a year in gross income.
Is Morgan County, MO expensive to live in?
Rent there is 49% lower than the U.S. median, and the median home costs about 3.6 times the median household income.
Other counties in Missouri
Counties with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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